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by eli_gottlieb
5121 days ago
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Well, when 40 years of falling/stagnant real wages have made "living high on credit" the only way to maintain decent, humane lifestyles and created a debt-deflation crisis, at some point you have to halt the pseudo-morality play. You can either accept mass default, a debt-jubilee, currency inflation, or put whole continents into debt-peonage for their mostly-unwilling participation in leverage-driven asset bubbles. |
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